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Show Farm Commodities Pose Big Problem Government Limited In Selling of Stocks At the moment the government owns approximately $1,806,365,438 worth of farm commodities, purchased pur-chased through the years to support sup-port farm prices, agricultural department de-partment officials report. Products stored in government bins include 3.5 million bales of cotton, 145 million bushels of wheat, 167 million bushels of corn, 422 million pounds of linseed oil, 294 million pounds of dried milk, 79 million pounds of dried eggs, and quantities of various other items. What's become of it all? It may be disposed of in various ways, but not dumped upon the The government today has 167 million bushels of America's Ameri-ca's finest corn stored under the price support plan. The question is, what to do with it? I open market to compete with commodities com-modities now in private ownership. ; ' To do so would flood the market and depress the commodities offered of-fered far below support prices. The government would then find j itself buying the commodities placed upon the market. j These commodities, however, can be sold should the market prices 1 strengthen considerably above support sup-port levels. The government has two methods at present of moving commodities. They are: (1) Persuading the consumer to increase their purchases through normal purchasing channels, thus reducing the supply and raising the price to where government stocks can be put on the market. Also, reducing supplies to a point where support prices would become be-come unnecessary. (2) Many of the commodities in j government stockpiles are being i distributed to school lunchrooms, charitable institutions, indian affairs, af-fairs, and needy groups. |